Investment

Property Information

Memorandum

61 & 91 John Street, Milpara

Investment/Development Opportunity

In Albany

Western Australia

September 2011

Albany

Albany is located approximately 420km south of Perth and is about

4½ hours drive. Albany is part of the Great Southern Region. The

region has a proud history and boasts impressive architecture,

beautiful scenery, beaches and national parks. The major industries

in the region are in the agriculture, retail, construction, manufacturing

and local government department industries. The biggest employers

are WA Country Health Services, WA Department of Education,

Fletchers International Abattoir, Great Southern Institute of

Technology and the City of Albany.

In recent years, Albany has developed new facilities such as the

Albany Entertainment Centre plus the marina development is

happening now which will be attractive facilities for tourists to utilise.

The beautiful white beaches, great surfing spots, kite and wind

surfing, diving on the HMAS Perth, fine dining and farmers markets,

not to mention all the walk trails close by are all main attractions to

the region. The tourism and hospitality industries continue to provide

services that are not only well supported by locals but tourists who

visit Albany in large numbers.

The population of Albany as at the 30th June 2009 was

approximately 35,550. The annual growth rate is 1.8% and the

excellent climate, laid back lifestyle and many outdoor activities lead

for a healthy way of living and a great place to call home.

Economic Drivers

Traditionally agriculture and farming has been the main stable industry in Albany. Over time we have seen the Woolen Mills and Albany Brick

works but farming including sheep, cattle and cropping has become one of the strongest sectors. Throughout the 1990’s tree farming was major

but collapses of some companies in 2008-2010 saw only a few left. The current major regional economic drivers are:

> Food...